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Author Archive ‘ Binu Paul ’

Is Flipkart clawing back in the game against Amazon?

Friday, February 17, 2017 | More »

In early signs of a reversal in fortunes, Flipkart has outrun rival Amazon India in gross sales in two consecutive months, after trouncing the US-based ecommerce company with its Big Billion Day sales in October. The Indian ecommerce giant recently witnessed a top-level management rejig. Citing four...

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Ola, Uber drivers go on strike in Bangalore as talks fail; one attempts suicide

As the latest round of talks between driver representatives and cab-aggregators failed, drivers associated with taxi-hailing companies Ola and Uber have launched a fresh round of agitation in Bangalore. One of the protesters attempted suicide outside Ola office by consuming poison. He has been rushe...

16 February, 2017 | More »

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Amazon plans to launch brick-and-mortar food outlets in India

Ecommerce major Amazon has sought the Indian government’s approval to open food-only physical outlets combined with an online platform to sell locally produced food items. Citing a person who saw the application submitted to the government by Amazon Corporate Holding Pvt. Ltd, The Economic Times r...

16 February, 2017 | More »

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Exclusive: Drone management platform AirZaar raises $350K seed funding

Drone operations management platform AirZaar has raised $350,000 in seed funding led by New York-based VC firm Quake Capital. Missouri Technology Corporation, a public-private partnership that provides seed money for tech startups, and a few other strategic angel investors also participated in the r...

15 February, 2017 | More »

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Ola, Uber services affected as drivers go on strike in Bangalore

Taxi-hailing services of Ola and Uber have been partially affected by a strike called by various unions protesting a recent hike in driving licence and other fees by the Regional Transport Office (RTO), apart from the flexible fare structure followed by cab aggregators and falling incomes of driver...

15 February, 2017 | More »

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V-Day deal: Dating app Aisle raises fresh funding from CIO Angel Network

Bangalore-based startup Aisle Network Pvt. Ltd, which runs matchmaking app Aisle, has raised an undisclosed amount in fresh funding from CIO Angel Network. Konglo Ventures, White Unicorn Ventures and LetsVenture also participated in the round. The funding was led by Anthony Thomas, former CIO of Vod...

14 February, 2017 | More »

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Queue management app Sminq acquires software service provider CodePandora

Pune-based Sminq India Solutions Pvt. Ltd, which runs queue management app Sminq, has acquired Codepandora, a UX-focused software service provider, in a cash-and-equity deal. The CodePandora team has joined Sminq and all its members will be part of the stock rewards programme at Sminq, the company s...

14 February, 2017 | More »

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Cab drivers protest outside Ola offices in Delhi

The agitation by Uber and Ola drivers demanding better incentives got out of control in the national capital on Monday, with protesters gathering around Ola’s offices in the city. A person aware of the development told Techcircle that after protests flared up at one of its offices, the cab-hai...

13 February, 2017 | More »

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Top-level exits continue at Ola as another senior exec quits

The exodus of key personnel at cab-hailing firm Ola shows no signs of stopping, with another top-level resignation coming to the fore. Chief operating officer of offline initiatives, Anuj Bhargava, who was instrumental to some of Ola’s recent initiatives like Ola Play, has resigned, a company spok...

13 February, 2017 | More »

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Med-tech startup SigTuple raises $5.8 mn from Accel, IDG Ventures, others

Medical-technology startup SigTuple Technologies Pvt. Ltd has raised $5.8 million (around Rs 38.8 crore) in a Series A funding round led by Accel Partners with participation from IDG Ventures, Endiya Partners, pi Ventures, VH Capital and Axilor Partners. A number of angel investors, including Flipka...

13 February, 2017 | More »

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